F5 (NASDAQ:FFIV) Releases FY 2024 Earnings Guidance

F5 (NASDAQ:FFIVGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 12.520-12.750 for the period, compared to the consensus earnings per share estimate of 12.060. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. F5 also updated its FY24 guidance to $12.52-$12.75 EPS.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FFIV shares. JPMorgan Chase & Co. increased their target price on shares of F5 from $197.00 to $205.00 and gave the company a neutral rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their target price on F5 from $156.00 to $179.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Royal Bank of Canada reiterated a sector perform rating and set a $204.00 price target on shares of F5 in a report on Friday, February 9th. Barclays upped their price objective on F5 from $163.00 to $206.00 and gave the company an equal weight rating in a research note on Tuesday, January 30th. Finally, Piper Sandler lifted their target price on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $192.22.

Get Our Latest Report on FFIV

F5 Trading Up 0.1 %

Shares of FFIV stock traded up $0.19 on Monday, hitting $182.13. 1,030,164 shares of the stock were exchanged, compared to its average volume of 443,347. The firm’s 50 day moving average is $187.66 and its two-hundred day moving average is $176.53. F5 has a one year low of $129.93 and a one year high of $199.49. The firm has a market capitalization of $10.71 billion, a PE ratio of 23.51, a P/E/G ratio of 2.68 and a beta of 1.11.

F5 (NASDAQ:FFIVGet Free Report) last released its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $685.47 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, sell-side analysts expect that F5 will post 9.59 earnings per share for the current year.

Insider Activity at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at $2,747,364.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the sale, the executive vice president now owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the transaction, the chief financial officer now directly owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,201 shares of company stock worth $1,908,065. Corporate insiders own 0.58% of the company’s stock.

About F5

(Get Free Report)

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

Further Reading

Earnings History and Estimates for F5 (NASDAQ:FFIV)

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